The underperformance of active management versus passive indexing has been well documented, especially in equities. According to the latest S&P Dow Jones Indices SPIVA report, 89.3% of U.S. large-cap active funds underperformed the S&P 500 over the 15-year period ending... Read more
There’s no inherent advantage to sticking with a single fund manager, but some of the largest providers offer enough value to make loyalty worthwhile. Vanguard is one of them. Nowhere is this more evident than in the firm’s bond lineup.... Read more